HR 3024 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that condominium owners' or homeowners' associations will not be taxed on receipt of membership income.

Introduced 1975-02-06· Sponsored by Rep. Karth, Joseph E. [D-MN-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-02-06)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that nonprofit condominium owners' or homeowners' associations will not be taxed under the Internal Revenue Code on receipt of membership income which does not insure to the benefit of any individual member or non-member.…

Summarized by Claude AI · Non-partisan · For informational purposes only